Nordea Investment Management AB Purchases Shares of 98,393 Upstart Holdings, Inc. $UPST

Nordea Investment Management AB acquired a new position in Upstart Holdings, Inc. (NASDAQ:UPST) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,393 shares of the company’s stock, valued at approximately $5,109,000. Nordea Investment Management AB owned approximately 0.10% of Upstart as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new stake in Upstart in the 2nd quarter valued at $34,000. Steward Partners Investment Advisory LLC boosted its position in shares of Upstart by 72.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 864 shares of the company’s stock worth $56,000 after buying an additional 362 shares during the period. State of Wyoming acquired a new stake in shares of Upstart in the second quarter valued at about $61,000. Daiwa Securities Group Inc. raised its holdings in shares of Upstart by 29.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,068 shares of the company’s stock valued at $69,000 after buying an additional 241 shares during the period. Finally, Bogart Wealth LLC lifted its position in Upstart by 140.0% during the 2nd quarter. Bogart Wealth LLC now owns 1,200 shares of the company’s stock worth $78,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

UPST has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Upstart in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on shares of Upstart from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $40.00 price target on shares of Upstart in a research note on Thursday, November 6th. Morgan Stanley set a $45.00 price objective on shares of Upstart in a research report on Wednesday, November 5th. Finally, BTIG Research restated a “neutral” rating on shares of Upstart in a research note on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Upstart presently has an average rating of “Hold” and an average target price of $60.36.

Insider Buying and Selling at Upstart

In other news, Director Kerry Whorton Cooper sold 1,500 shares of Upstart stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $50.00, for a total value of $75,000.00. Following the completion of the transaction, the director directly owned 23,934 shares of the company’s stock, valued at approximately $1,196,700. The trade was a 5.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Natalia Mirgorodskaya sold 821 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $36.62, for a total transaction of $30,065.02. Following the sale, the insider owned 27,160 shares in the company, valued at approximately $994,599.20. This trade represents a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 16,707 shares of company stock worth $633,080. Company insiders own 16.67% of the company’s stock.

Upstart Stock Performance

UPST opened at $48.12 on Friday. The company has a market capitalization of $4.68 billion, a P/E ratio of 218.74 and a beta of 2.28. The company has a 50-day moving average of $44.78 and a 200-day moving average of $57.30. Upstart Holdings, Inc. has a 1-year low of $31.40 and a 1-year high of $96.43.

Upstart (NASDAQ:UPST) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. Upstart had a net margin of 3.33% and a return on equity of 3.68%. The business had revenue of $258.54 million for the quarter, compared to analysts’ expectations of $288.94 million. During the same quarter last year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 70.9% compared to the same quarter last year. As a group, sell-side analysts expect that Upstart Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

About Upstart

Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.

Upstart’s core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.